Which of the Following Events Are Not Independent

question 85

Multiple Choice

Which of the following events are not independent?

• A)You forget your umbrella; it rains.
• B)There is a heat wave; demand for ice increases.
• C)You didn't study last night; there is a quiz in your economics class.
• D)You don't clean your apartment; you have unexpected company.

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Definitions:

Indirect Business Taxes

Taxes imposed on goods and services that indirectly affect companies, such as sales tax or value-added tax.

Depreciation

The reduction in the value of an asset over time, often due to wear and tear or obsolescence.

Net Domestic Product

The total value of all goods and services produced within a country in a specific period, minus depreciation.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting a decrease in its value over time.